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1:28
Warm today, stormy tonight, sunny tomorrow
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1:47
Commissioners hold off on new ordinance vote in Benton Harbor
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3:47
IU professors speak out against major cuts to degree programs...
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0:47
Supporters hold ’Trump Win of the Day’ rally in Niles
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1:00
98th annual Women’s Metro Open tees off in South Bend
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3:21
Body camera footage released in Niles deadly police shooting
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1:14
Sun and clouds Tuesday before storms return Wednesday
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2:57
The importance of receiving weather alerts
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1:57
Typical summer stretch with some rain later this week
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0:43
108th Kosciusko County Fair begins
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1:21
Mural Mania wraps up in DTSB with a splash of color
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0:38
A father and son drown in Lake Michigan
SOUTH BEND, Ind. -- Despite concerns of rising unemployment rates nationwide employees at the unemployment office, Downtown South Bend said they have not yet seen much of an increase of people coming through their doors.
Fears of recession, causing a stock market sell off, was sparked by Friday’s July Jobs Report.
Michigan and Indiana both saw increases,but are sitting under the national average of 4.3%, which is a three-year high.
But Phillip Powell, a professor at Indiana University’s Kelley School of Business told ABC57 it does not point to a recession.
He also said major projects coming to the state like the EV Plant and Amazon Data Center should not be impacted because of what he is calling nothing more than emotional movement of the stock market.
"If companies have made commitments, the stock market crash, the short-term correction not really a crash is not enough to change those long-term decisions. So onward we go,” said Powell.